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Friday, February 10, 2012

GSVC - Wash, Rinse, Repeat

GSVC invests many private companies that slate for IPO.  So far it's been boom-bust cycles.  Prices ran up on anticipation of GRPN IPO, and then on the day of IPO, stock sold off. Same with ZNGA.  Finally most recently, on FB filing IPO.  This time is a bit different as the sold off was related to secondary offering of 3 million shares, and that FB has not gone IPO.  I would anticipate another rounds of hype by March when FB makes noise again.

Price is now nearing the 23.6 Fib and the 200 day EMA area.  Too bad GSVC is not optionable, otherwise, it would be perfect to write a naked put as initial entry.  I initiated my token position at 15.05 this morning.

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